HighTower Advisors LLC bought a new position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 5,302 shares of the restaurant operator’s stock, valued at approximately $288,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Navellier & Associates Inc raised its stake in shares of Dunkin’ Brands Group by 5.6% in the first quarter. Navellier & Associates Inc now owns 89,571 shares of the restaurant operator’s stock worth $4,898,000 after buying an additional 4,722 shares during the period. Retirement Systems of Alabama raised its stake in shares of Dunkin’ Brands Group by 12.2% in the first quarter. Retirement Systems of Alabama now owns 271,175 shares of the restaurant operator’s stock worth $14,828,000 after buying an additional 29,536 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Dunkin’ Brands Group by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 18,645 shares of the restaurant operator’s stock worth $1,019,000 after buying an additional 919 shares during the period. Anderson Hoagland & Co. raised its stake in shares of Dunkin’ Brands Group by 20.7% in the first quarter. Anderson Hoagland & Co. now owns 17,475 shares of the restaurant operator’s stock worth $956,000 after buying an additional 3,000 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Dunkin’ Brands Group by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the restaurant operator’s stock worth $1,269,000 after buying an additional 500 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded down 0.62% on Tuesday, reaching $52.72. The company had a trading volume of 1,022,302 shares. The company’s 50-day moving average is $53.89 and its 200-day moving average is $54.95. Dunkin’ Brands Group, Inc. has a one year low of $46.55 and a one year high of $59.70. The company has a market capitalization of $4.76 billion, a PE ratio of 23.12 and a beta of 0.21.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The business had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $220.77 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Equities research analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be paid a dividend of $0.3225 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.45%. Dunkin’ Brands Group’s dividend payout ratio is presently 56.33%.
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DNKN has been the topic of several analyst reports. Argus upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $58.84 to $68.00 in a report on Tuesday, June 6th. Maxim Group upped their target price on Dunkin’ Brands Group from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Zacks Investment Research upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a research report on Friday, July 21st. Finally, Stephens reissued an “equal weight” rating and set a $54.00 price target on shares of Dunkin’ Brands Group in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Dunkin’ Brands Group presently has an average rating of “Hold” and an average price target of $56.47.
In related news, SVP Karen Raskopf sold 33,000 shares of Dunkin’ Brands Group stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the completion of the transaction, the senior vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.
About Dunkin’ Brands Group
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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